Latest news with #Simulator
CNBC
28-07-2025
- Business
- CNBC
How the U.S.-EU trade deal impacts America's imports overall: Tariff simulator
A tariff simulator shows a dramatic drop in global exports to the U.S. as a result of President Donald Trump new trade deal with the European Union. On Sunday, Trump announced a trade deal with the EU, following discussions with European Commission President Ursula von der Leyen. Trump said that the deal imposes a 15% tariff on most European goods to the U.S., including cars. According to the Tariff Simulator by the online data visualization and distribution platform, The Observatory of Economic Complexity (OEC), the forecasted global exports to the U.S. in 2027 are expected to drop by more than 46% compared to the average of the last three years, or $2.68 trillion. The forecasted U.S. exports to the world in 2027 are expected to increase by 12% compared to the average of the last three years, or $1.59 trillion. The forecast builds on an extended gravity model designed to anticipate how trade may be reconfigured in response to the announced trade deal between the US and the EU alone. This forecast does not include the impact of all the broad tariff increases set to be imposed on Aug. 1. "While the U.S. is imposing tariffs on the world, the world is not imposing tariffs on each other," explained Cesar Hidalgo, economics professor at the Toulouse School of Economicsdirector for the Center of Collective Learning, and founder of Datawheel, which built the OEC Tariff Simulator. "The point here is that countries will have a natural tendency to rewire their trade relationships away from the U.S. in many of these scenarios, he added. "This is true for most countries, except for Mexico and Canada, which are too integrated with the United States and are unable to rewire as quickly as less integrated countries." Hidalgo explained the tariff impact using Germany as an example, "In the early 2025 scenario where there were no new tariffs, exports from Germany to the US were forecasted to go from $133B (2023) to $155B in 2027. With the 15% tariff framework, exports from Germany to the US are forecasted now to go up from $133B 2023 to $149B 2027," said Hidalgo. "Exports are down with respect to what we would have expected if tariffs would have remained the same as they were on January 1st of 2025." Under the 15% tariff scenario projected by the Tariff Simulator, the U.S. will import more from UK ($22.5 billion), France ($10.2 billion), and Spain ($5.65 billion) and less from China (-$485 billion), Canada (-$300 billion), and Mexico (-238 billion). As a result of the decrease in Chinese exports to the U.S. under this scenario, China is expected to import more from Russia ($70 billion), Vietnam ($34.4 billion), and Saudi Arabia ($28 billion) than the U.S. Chinese imports from the U.S. are expected to drop by $101 billion. Logistics experts have warned for months that even with tariff rates at lower rates than the original "reciprocal" rates announced in April, the products are still expensive. The layering of the tariffs will make many products more expensive to import and companies will forego shipments. Retail executives say the result would be a lack of product diversity on U.S. shelves, something American consumers have grown accustomed to. Andrew Abbott, CEO of niche ocean carrier Atlantic Container Line, says the resolution of the tariff levels will be the deciding factor for some European shippers. "I have seen some ocean bookings of high-value products (construction equipment, agricultural equipment, aerospace, transformers, etc.) have put all bookings on hold," said Abbott. "It all depends on the tariff rate. For example, a U.S. customer buying a $300,000 piece of machinery could potentially have $90,000 in tariffs assessed on it, so this is why some companies are waiting until a tariff rate is definitively set," he said. "Companies bringing in low-valued items, on the other hand, are continuing to order product." Based on trade data compiled and analyzed by the OEC, the bills of lading — the receipts for the containers detailing the product and company information — show IKEA is the top U.S. company importing from the EU at 28%. Southern Glazer's Wine and Spirits was next at 9%, followed by Continental Tire (4%), Bosch (4%), Dole Food Co. (3%), and Diageo (2.3%) as the top importers. Examining the top EU exports to the U.S. by product category reveals that furniture leads the list at 11%, followed by rubber tires at 7%, bedspreads at 6%, and wine at 5%.
Associated Press
18-03-2025
- Business
- Associated Press
Brizo FoodMetrics Unveils Price Shock & Tariff Simulator to Help Navigate Foodservice Industry Volatility
QUEBEC CITY, March 18, 2025 /PRNewswire/ - In response to escalating trade wars and rising food costs, Brizo FoodMetrics has launched its Price Shock & Tariff Simulator: a first-of-its-kind tool designed to help foodservice suppliers, operators, and analysts forecast and mitigate financial risks. As businesses and consumers brace for the impact of tariffs, turbulent policy shifts and unstable supply chains are creating ongoing uncertainty. The food and beverage industry is especially vulnerable, with billions of dollars in commodities at risk. From unpredictable tariffs to surging egg prices, businesses are left struggling to keep up with daily changes, assess their financial exposure, and plan ahead. Developed using Brizo FoodMetrics' extensive market data, the interactive Price Shock & Tariff Simulator enables users to model how menu prices and profitability might be impacted by various price shocks, such as tariffs, ingredient shortages, minimum wage increases, and inflation. The simulator's strength lies in its flexibility — it can be tailored to different markets and enriched with additional Brizo FoodMetrics insights, including demographic, geographic, and historical pricing data. Businesses can also collaborate with Brizo FoodMetrics' dedicated Data & Insights team to integrate their internal data and create a custom tariff vulnerability index, benchmarked against an unbiased industry standard. 'Tariff volatility makes it challenging to predict costs and strategize effectively,' said Trevor Shimizu, Co-Founder & CRO at Brizo FoodMetrics. 'Armed with the right data, businesses can anticipate potential pricing shifts, assess risks, and proactively develop a plan of action.' The simulator is now available for businesses looking to respond to cost fluctuations and market volatility with greater precision. Brizo FoodMetrics remains committed to equipping businesses with the up-to-date insights needed to navigate a rapidly evolving market. Brizo FoodMetrics equips industry leaders with actionable foodservice data and insights needed to make informed decisions based on facts, not hunches. By unlocking full market visibility, scaling business growth, and streamlining workflows with granular, and up-to-date market intelligence covering over 2.1 million establishments, Brizo FoodMetrics stands at the forefront of data-driven solutions for the foodservice industry.
Mid East Info
24-02-2025
- Health
- Mid East Info
Aspen Medical and BlueRoom set to transform military healthcare training - Middle East Business News and Information
Aspen Medical and BlueRoom introduce Mixed Reality (MR) simulation technology, allowing military medics and first responders to train in high-risk environment scenarios like aircraft and combat zones BlueRoom's MR technology allows trainees to practice medical procedures like IV cannulation and airway management using real equipment in dynamic, controlled environments, enhancing skill retention and readiness United Arab Emirates, Abu Dhabi, 19 February 2025 – Aspen Medical, a global leader in healthcare solutions, has partnered with BlueRoom to introduce cutting-edge Mixed Reality (MR) simulation technology into military healthcare training. By combining Aspen Medical's expertise in training and capability development with the advanced MR simulation capabilities of BlueRoom, this collaboration enables health professionals and first responders to refine critical skills and maintain operational readiness in immersive, realistic scenarios, with significant benefits in cost, productivity, and capability enhancement. 'Training in real-world military environments can be costly and logistically challenging. Our collaboration with BlueRoom allows us to bridge that gap, offering high-fidelity, scenario-based training that enhances medical competencies in a highly efficient and scalable way,' said Al Martin, Chief Partnerships Officer at Aspen Medical. 'This technology allows military medics and healthcare professionals to sharpen their skills in environments that closely replicate real-world conditions, preparing them to operate effectively under pressure.' BlueRoom's innovative MR Simulator integrates fine motor skill training with immersive decision-making scenarios. These are all set within synthetic environments of an aircraft or austere field setting. Unlike traditional simulation models, BlueRoom's MR Simulator allows trainees to use their own hands to interact with real equipment in a virtual space—eliminating the need for controllers and enhancing precision in medical procedures such as IV cannulation, airway management, and surgical interventions. 'We are thrilled to sign this agreement with Aspen Medical, another innovative Australian company, that we know will strengthen military medical training capability around the world' said Benjamin Krynski, CEO at BlueRoom. 'Aspen Medical will join our existing partner Leader Healthcare in the region whose technical, engineering and market experience will complement this initiative to bring our cutting edge capability to the end user'. Aspen Medical's military healthcare training programs have been recognized for their excellence in preparing personnel for the most demanding environments. By integrating BlueRoom's MR technology, Aspen Medical is strengthening its commitment to delivering world-class training that enhances medical readiness and operational efficiency for defense forces worldwide. This collaboration represents a new frontier in military medical training, offering a scalable, immersive solution that maximizes skill retention and preparedness in life-or-death scenarios.
